Conversation 170: Envirosuite’s Peter White
Envirosuite needs to more than double share price for execs. to see bonuses and execution is the key.
With no other competitors currently enjoying the global reach of Envirosuite [ASX:EVS], the race is now on for the Australian environmental intelligence company to grab as much market share as it can according to their CEO.
“It’s a bit like a land grab and we need to get as much as we can across the six continent ,” Peter White told me recently.
Envirosuite uses a mixture of clever and cutting edge monitoring, combined with AI and big data to creat environmental intelligence covering air, water, noise and vibration for operators in airports, cities, construction, mining, heavy industry, waste and water.
Envirosuite uses monitoring these monitoring units and predictive technology to produce actionable insights so customers can optimise their operations whilst managing their environmental impact.
In its results for the full financial year 19-20 Envirosuite posted $24m in revenue, of which 75% is recurring on an annual basis from operations around the world.
Ex Envirosuite website
But, despite this, it posted an $18m operating loss.
However, while any loss is never good, this one may not be as bad as it sounds according to the company.
During FY20 Envirsuite acquired a couple of businesses, one of which was a case of the little fish swallowing a bigger one.
The acquisition of EMS Bruel & Kjaer, an airport noise and vibration monitoring business deployed in more than 200 airports globally, cost $85m.
But Peter White says once this and some other one off costs are digested, they will be profitable around end of March next year.
How Envirosuite racked up its losses - ex Envirosuite FY20 report
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Based on the Technology Readiness Level [TRL] developed by NASA and the Commercial Readiness Index [CRI] that grew out of it. ENVIROSUITE would fit somewhere around 4 TO 5 on the CRI.
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Envirosuite reports robust sales and strong pipeline despite global impact of COVID-19
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[CURRENT ON MONDAY 7TH SEPTEMBER 2020]
Morningstar Quantitative [algorithmic] Rating *
Valuation Rating: Undervalued. Fair Value Estimate: 0.302. Fair Value Percentage Diff: 37.00%. Liquidity: High
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